$6,495,000
Key Largo, FL 33070
MLS# 619962
10150 sqft
1 / 92
Property Description
Exceptional mixed-use investment opportunity in the heart of Tavernier at 91865 Overseas Highway. This fully renovated income-producing property features a strong tenant mix consisting of 10 residential apartments and 5 established commercial tenants, including a popular pizzeria, boutique doctor's office, hair and nail salon, coffee shop, and additional long-term businesses serving the Upper Keys community. The property has undergone extensive interior and exterior renovations with quality craftsmanship and attention to detail throughout, including high-impact windows and doors, updated plumbing and electrical systems, 2023 Metal/Shingle Roofs, new A/C units, paver walkways, exterior lighting, fresh stucco and paint, tile flooring throughout, zebra shades, and fully furnished all inclusive residential units. Positioned along the highly trafficked Overseas Highway corridor, this landmark property in the south end of Key Largo offers stable cash flow, strong rental demand, and substantial annual revenue with market-rate leases already in place. Under the current Profit & Loss Statement, the property is producing approximately a 7% return based on the asking price. Seller financing available with up to $3,000,000 owner financing offered at 4% interest-only payments for up to 3 years. A rare turnkey commercial asset in one of the Florida Keys' most desirable and supply-constrained markets.
Details
Maps
Contract Information
Listing Board: Florida Keys
Limited Representation: No
Potential Short Sale: No
Bank Owned: No
Species List: No
Current Price: $6,495,000
Listing Date: 2026-05-19
List Price: $6,495,000
Location, Tax & Legal
City: Tavernier
Mile Marker: 91.5
Marathon Neighborhood: N/A
Side: Ocean
Flood Zone: AE
Alternate Key #: 1681946
Parcel #: 00555610-000000
Zoning: SC - Sub Urban Commercial District
Legal: BK A LTS 1-5 AND 36-37 TAVERNIER NO 2 PB2-8 KEY LARGO AND PT DISCLAIMED ALLEY (RES NO 11-1968) E6-162 OR405-1100 OR456-1
Taxes: 55119.17
Tax Year: 2025
Street #: 91865
Street Name: Overseas
Street Suffix: Highway
Key/Island: Key Largo
State/Province: FL
Zip Code: 33070
Subdivision: Tavernier No 2 (91.5)
County: Monroe
Area: 26 - Key Largo S of MM 96.9
General Property Description
Realtor.COM Type: Commercial
Waterfront: No
Control Depth: 0
Lot Size: 21140
Lot SqFt: 21140
Total Units: 0
Building SqFt: 9878
Style: Commercial
Living Apx SqFt: 10150
Year Built: 1936
Remarks & Misc
Remarks – Consumer: Exceptional mixed-use investment opportunity in the heart of Tavernier at 91865 Overseas Highway. This fully renovated income-producing property features a strong tenant mix consisting of 10 residential apartments and 5 established commercial tenants, including a popular pizzeria, boutique doctor's office, hair and nail salon, coffee shop, and additional long-term businesses serving the Upper Keys community.
The property has undergone extensive interior and exterior renovations with quality craftsmanship and attention to detail throughout, including high-impact windows and doors, updated plumbing and electrical systems, 2023 Metal/Shingle Roofs, new A/C units, paver walkways, exterior lighting, fresh stucco and paint, tile flooring throughout, zebra shades, and fully furnished all inclusive residential units.
Positioned along the highly trafficked Overseas Highway corridor, this landmark property in the south end of Key Largo offers stable cash flow, strong rental demand, and substantial annual revenue with market-rate leases already in place. Under the current Profit & Loss Statement, the property is producing approximately a 7% return based on the asking price. Seller financing available with up to $3,000,000 owner financing offered at 4% interest-only payments for up to 3 years.
A rare turnkey commercial asset in one of the Florida Keys' most desirable and supply-constrained markets.
Directions: MM 91.8 Oceanside. See GPS
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Type
Apartment 3 or more: 1
Professional Service: 1
Restaurant: 1
Shop/Strip Center: 1
Fee Includes
None: 1
Dockage
None: 1
Appliances
Dryer: 1
Range: 1
Refrigerator: 1
Washer: 1
Cooling
Ceiling Fans(s): 1
Central Air: 1
Wall/Window Unit(s): 1
Heating
Central: 1
Waterfront
None: 1
Waterview
No Waterview: 1
Floor
Tile: 1
Vehicle Storage
Car(s): 4+
Assigned Parking: 1
Common Parking: 1
Off Street Parking: 1
Construction
CBS: 1
Land Size
1/4 - 1/2 Acre: 1
Terms
Seller Finance Psble: 1
Utilities
FKAA: 1
Municipal Sewer: 1
Miscellaneous
High Traffc Location: 1
High Visibility: 1
Highway Frontage: 1
Patio: 1
Security System: 1
Roof
Metal Roof: 1
Shingle Roof: 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Status: Active
Property Features
Type: Apartment 3 or more; Professional Service; Restaurant; Shop/Strip Center
Waterfront: None
Waterview: No Waterview
Dockage: None
Vehicle Storage: Assigned Parking; Common Parking; Off Street Parking
Cooling: Ceiling Fans(s); Central Air; Wall/Window Unit(s)
Heating: Central
Utilities: FKAA; Municipal Sewer
Appliances: Dryer; Range; Refrigerator; Washer
Miscellaneous: High Traffc Location; High Visibility; Highway Frontage; Patio; Security System
Construction: CBS
Floor: Tile
Roof: Metal Roof; Shingle Roof
Land Size: 1/4 - 1/2 Acre
Fee Includes: None
Terms: Seller Finance Psble
Listing Office: Cornell Commercial Real Estate, Inc.
Last Updated: May - 19 - 2026
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.